Custom Accumulator®
Custom Accumulator is a universal life insurance product that provides death benefit protection, while allowing you the potential to build significant cash value for use in later years.
Product Highlights:
- The potential for a Return of Premium feature of up to 95% of the premiums you pay in the first six months
- Product features designed to help build long-term cash values for future financial needs
- Access to your cash value through withdrawals and policy loans, including Net Zero-Cost Loans in policy years 11 and later1
- Access to a portion of the Death Benefit to help cover the cost of a chronic or terminal illness
Custom Accumulator provides death benefit protection, with the potential for cash value growth that can be used to help with future financial needs.
View this brochure for more details, or contact your North American representative today at
(800) 800-3656.
1 Net zero cost loans are charged and credited at 2.5% for a net zero cost in years 11+. Policy loans from life insurance policies are generally not subject to income tax, provided the contract is not a Modified Endowment contract. A policy loan or withdrawal from a policy that is a Modified Endowment Contract is taxable upon receipt to the extent cash value of the contract exceeds premiums paid. Policy loans and withdrawals will reduce the cash value and death benefit. Neither North American Company nor its agents provide tax or legal advice. Please consult your legal or tax advisor before entering into or paying additional premiums with respect to such arrangements.
Custom Accumulator is issued on policy form series LS165B; Chronic Illness Accelerated Benefit Rider is issued on form series LR450A; Accelerated Benefit Endorsement is issued on form series LR352A or state variation by North American Company for Life and Health Insurance, Executive Office, Chicago, IL 60607. Product, features, riders, endorsements or issue ages may not be available in all jurisdictions. Limitations and restrictions may apply.
Life insurance policies have terms under which the policy may be continued in force or discontinued. Current cost of insurance and interest rates are not guaranteed. Therefore, the planned periodic premium may not be sufficient to carry the contract to maturity. For costs and complete details, contact North American Company at (877) 872-0757.